Africa has been a hotbed of activity for financial technology companies, with many Western firms flocking to the eager continent for new ideas and business opportunities.

Now Africa may see its first billion-dollar tech IPO in a fintech company called Interswitch. The Nigerian company offers online payment solutions and is likely to go public on the London Stock Exchange (LSE) later this year.

Although the company was founded back in 2002, it didn’t grow at the same pace as its Western counterparts due to the relative size of Nigeria’s economy.

But now that both Interswitch and Nigeria are coming onto the world’s stage, analysts are hailing the firm as the first potential billion-dollar tech IPO out of Africa. It is likely that the firm will dual list in both London and its home city Lagos, giving it access to both foreign investment and home-field advantage.

Interswitch has managed to secure a massive chunk of Nigeria’s banking, corporate and government online transactions by rising to prominence in the country.

Western companies are excited to see Africa taking off economically. Analysts believe consumers in Africa will spend close to $1 trillion by 2020. The also believe that the young population of Africa combined with multiple burgeoning national economies will turn Africa into an economic powerhouse over the next few decades.